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Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin

The top Democrat on the House Financial Service Committee said federal rules should be in place before a company the size of PayPal issues a stablecoin.

Rep. Maxine Waters (D-Calif.) (Sarah Morris/Getty Images)
Rep. Maxine Waters (D-Calif.) (Sarah Morris/Getty Images)